Ethereum Price Hits Key Resistance Level

Ethereum Price Recovery Faces Resistance

• Ethereum’s price began a recovery wave from the $1,750 zone.
• The price is currently trading below $1,950 and the 100-hourly Simple Moving Average.
• A short-term bearish trend line is forming with resistance at $1,920 on the ETH/USD hourly chart.
• Major resistance levels are identified at $1,920 and $1,950.
• If Ethereum fails to clear these resistances, it could decline toward the $1,850 support level.

Ethereum started recovering from the $1,750 zone but faces significant resistance near $1,920. A failure to break this could lead to a decline toward the $1,850 support level.